Innovation Process and Ethics in Technology

Abstract

Innovation governance models, dealing in general with organizational structure, innovation process, strategy and leadership, are becoming increasingly important for innovative companies within the changing complexity of innovation ecosystems. Traditionally, governance is related to risk management and corporate governance is concerned with the rules and conduct of management to minimize risks to shareholders. With the increasing importance of ethical concerns and issues of governance in general, and in particular with technological innovations for responsible innovation (Owen et al., 2013), this paper focuses on the need for technological innovation processes to embed an ethical decision-making framework with a view to responsible innovation governance.